tax-datesIn order to avoid any late filing penalties and charges from HMRC it is important to know the imortant deadlines for the upcoming tax year (2019/20) which will help you to prepare and send off the main forms in good time.

You ma have many different obligations for corporation tax, PAYE, self-assessment, VAT, National Insurance contributions (NICs) and the Companies House annual confirmation. Dates for Corporation Tax and Limited Companies vary and are stated on the paper work received during incorporation.

The dates below are deadlines by which the payments or forms must have been received by the relevant authority (eg HMRC). Or, in the case of reclaiming tax, the date by which your application must have been received.

April

1st – National Minimum Wage increases

1st – Introduction of Making Tax Digital for VAT

5th – Final day of the 2018/19 tax year

6th – The beginning of the 2019/20 tax year, key tax changes come into effect including changes to income tax and National Insurance rates and thresholds.

22nd – PAYE and NICs for the month or quarter which ended on 5 April (Month 12 from 2018/19), paid to HMRC electronically (19th April if paid by post).

30th – Automatic £100 penalty and additional daily £10 penalties start to be incurred if you have not filed your self-assessment tax return for year ending 5 April 2018.

May

22nd – PAYE and NICs for the month or quarter which ended on 5 May (Month 1), paid to HMRC electronically (19th May if paid by post).

31st – Supply each employee who was employed in 2018/19 by you a form P60.

June

22nd – PAYE and NICs for the month or quarter which ended on 5 June (Month 2), paid to HMRC electronically (19th June if paid by post).

July

6th – Deadline for submission of employee P11D/(b) form to HMRC

22nd – PAYE and NICs for the month or quarter which ended on 5 July (Month 3), paid to HMRC electronically (19th July if paid by post).

31st – Second installment of your self-assessed tax payment for the tax year to 5 April, sent to HMRC.

31st – Late filing/payment penalty deadline. You will pay another £300 or a surcharge of 5% of the tax due (whichever is higher) if you have still not filed and paid your 2017/18 income tax.

August

2nd – Form P46 (Car) relating to the first quarter ending 5 July (if there has been any change of use in your company cars) sent to HMRC (for benefits not payrolled).

22nd – PAYE and NICs for the month or quarter which ended on 5 August (Month 4), paid to HMRC electronically (19th August if paid by post).

September

22nd – PAYE and NICs for the month or quarter which ended on 5 September (Month 5), paid to HMRC electronically (19th September if paid by post).

30th – Reclaim VAT you spent on supplies from other EU countries, in the previous calendar year, from the relevant EU country’s tax authority, unless you already do this as part of your regular VAT return.

October

5th – Registration deadline if you have any income which is not fully taxed or any capital gains tax liabilities for the 2018/19 tax year.

22nd – PAYE and NICs for the month or quarter which ended on 5 October (Month 6), paid to HMRC electronically (19th October if paid by post).

31st – Deadline to submit Self-assessment tax return for the year ended 5 April to be sent to HMRC if you want to submit a paper return.

November 

2nd – Form P46 (Car) relating to the quarter ending 5 October (if there has been any change in the use of your company cars), sent to HMRC (for benefits not payrolled ).

22nd – PAYE and NICs for the month or quarter which ended on 5 November (Month 7), paid to HMRC electronically (19th November if paid by post).

30th – This is the last day to file your tax return online if you want HMRC to collect any underpayment automatically through your PAYE tax code.

December

22nd – PAYE and NICs for the month or quarter which ended on 5 December (Month 8), paid to HMRC electronically (19th December if paid by post).

31st – This is the last day to file your tax return online if you want HMRC to collect any underpayment automatically through your PAYE tax code.

January

22nd – PAYE and NICs for the month or quarter which ended on 5 January (Month 9), paid to HMRC electronically (19th January if paid by post).

31st – Deadline for self-assessment tax return for year ending 5 April 2019, submitted online to HMRC (£100 penalty will be incurred if you fail to do so)

31st – The first payment on account of your self-assessment tax for the tax year ending 5 April 2019/20 and the remaining unpaid balance of your self-assessment tax for the year ending 5 April 2018/19, paid to HMRC.

31st – If you have not filed your 2017/18 self-assessment tax return, you will incur a further penalty of 5% of the tax due or £300 (whichever is greater).

February

2nd – Form P46 (Car), relating to the quarter ending 5 January the previous year (if there has been any change in the use of your company cars), sent to HMRC for benefits not payrolled.

22nd – PAYE and NICs for the month or quarter which ended on 5 February (Month 10), paid to HMRC electronically (19th February if paid by post).

March

1st – If you have not paid the balance of your 2018/19 self-assessment tax bill, you will incur a penalty of 5% of the tax unpaid as well as interest charges. An additional surcharge of 5% will be payable on any balance still unpaid on 31 July, and a further 5% on 31 January.

22nd – PAYE and NICs for the month or quarter which ended on 5 March (Month 11), paid to HMRC electronically (19th March if paid by post).

April

5th – End of 2019/20 tax year

As well as preparing for the tax year end, you need to deal with a variety of regular payments and filings. We offer a wide range of services to help you business to avoid any unpleasent late payment penalties or charges make sure to take advantage by getting in touch here.

 

 

 

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